Behind the 1,500-Point IT Stock Bloodbath: Why TCS and LTIMindtree Are Plummeting Today

The Nifty IT index plummeted 4.87% on Wednesday, wiping out over 1,514 points to trade at 29,601.65. Market heavyweights TCS and LTIMindtree led the rout, plunging 7.91% and 7.41% respectively. A broad-based tech sell-off dragged all major IT components, including Tech Mahindra, Infosys, and Wipro, deeply into the red.